Zipcar

  • EmergingGrowth.com's Take on Zipcar

    By Charles Tamburello - March 21, 2013 | Tickers: CAR, ZIP.DL2

    Zipcar (UNKNOWN: ZIP.DL2) is an emerging growth company with a market cap of $490 million with shares closing at $12.26 on March 8. You don’t always get to see much by the way of USPs (Unique Selling Points) in the transportation industry. However, Zipcar has been the epitome of uniqueness since its formation in 2000 when it pioneered the concept of car sharing as an alternative to car more »

  • How Are They Doing After the Merger?

    By Mike Thiessen - March 19, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    In 2012, the North American rental car industry continued to consolidate with a blockbuster merger between the Hertz Group (NYSE: HTZ) and Dollar Thrifty.

    Valued at $2.3 billion, the deal also involved Parsippany, N.J.-based Avis Budget Group (NASDAQ: CAR). Although it walked away from a bidding war over Dollar Thrifty, Avis did purchase Avis Europe in 2011 in a move to expand into the world's second-largest more »

  • Hertz: Is it Time to Buy the Rental?

    By Leo Sun - February 26, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    Car rental giant Hertz Global Holdings (NYSE: HTZ) recently hit five-year highs, despite posting a loss during its fourth quarter. The second largest car rental company in America reported a strong outlook for 2013, as it regains pricing power against its rivals and puts its recent acquisition of Dollar Thrifty to good use. Should investors consider buying this rental?

    <img src="http://media.ycharts.com/charts/c2478d2779d87d46722477c2be1d0408.png" />

    HTZ data by YCharts

    Fourth Quarter

    For its fourth quarter, Park more »

  • Share My Ride? No Thanks...

    By Reuben Brewer - January 24, 2013 | Tickers: CAR, ZIP.DL2

    Avis Budget Group (NYSE: CAR) has agreed to buy Zipcar (Nasdaq: ZIP). This isn't a game changer in the highly competitive car rental industry, but it could finally lead to a better business model for metropolitan areas and a greener option for customers. It probably won't make Avis, or any of the car rental agencies, a worthwhile investment, however.

  • Green Companies Still Worth the investment in 2013

    By Monica Sanders - January 21, 2013 | Tickers: TM, UAL, VFC, ZIP.DL2

    As the recession eases away, more adventurous and socially minded investors are making their way back into the market. For those who like a company that stays green while making them a bit of green as well, consider some well-known companies that are doing big things to get green.

    Timberland (NYSE: VFC) boots have been a mainstay for hikers and outdoor enthusiasts for more than 30 years. It has also more »

  • Why Zip Makes Avis a Good Buy

    By Howard Cranford - January 18, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    As many of you Foolish investors may know, the car-sharing service Zipcar (UNKNOWN: ZIP.DL2) was bought for $511 million ($12.25 per share) by Avis Budget Group (NASDAQ: CAR) in a Dec. 21 acquisition. With this acquisition Avis is gaining more control of the car-sharing service, but can the company continue to compete in the car-rental industry?

    How the Car Rental Industry Looks.

    The acquisition of Zipcar is just the more »

  • Car Rental Companies Breaking Into Car-Sharing

    By Mike Thiessen - January 14, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    Earlier this month, Parsippany, New Jersey-based Avis Budget Group (NASDAQ: CAR) announced that it would purchase leading car-sharing service Zipcar (UNKNOWN: ZIP.DL2) in a deal valued at about $500 million. According to the terms of the all-cash formal offer, Avis will pay $12.25 per Zipcar share. Current Zipcar shareholders would not be eligible to receive shares of Avis or any purchase warrants. Although the deal faces several legal hurdles more »

  • Rental Car Companies: There's Fewer Than You Think

    By Alexander MacLennan - January 14, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    When you walk into a typical airport it appears there are tons of rental car companies all competing with each other for the same customers. Sometimes ten or more counters will all be lined up leading some people to wonder why these companies don't consolidate to cut down on costs and competition. But the number of rental car counters is deceptive. In reality there are much fewer rental car more »

  • Car Sharing Heats Up

    By Abir Karmakar - January 11, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    Car sharing is a very common phenomenon in the United States. Cool technology followed by a member-driven user experience and an amazing team of hands-on car sharing enthusiasts made Zipcar (UNKNOWN: ZIP.DL2) the world’s leading car sharing network. The company has grown to a $400 million business in the U.S., and is operating a fleet of 10,645 vehicles that generate annual revenues of $65 per day, unchanged more »

  • A Lot of Synergies for This Car Rental Business

    By Anh HOANG - January 9, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    Avis Budget (NASDAQ: CAR) announced that it would buy Zipcar (UNKNOWN: ZIP.DL2) for nearly $500 million, or $12.25 per share, marking a 49% premium on its recent Monday close price. However, the price tag was much lower than its IPO price of $18 per share in the second quarter of 2011. Since the IPO, Zipcar kept declining to as low as $6.50 in October. Is this a good more »

  • Why Avis Has The Last Laugh Over Hertz?

    By Daniel Harding - January 8, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    Avis Budget Group (NASDAQ: CAR) appears to be firing back after Hertz (NYSE: HTZ) out-beasted Avis in the three-year saga that had both Hertz and Avis in a bidding war to purchase Dollar Thrifty. Avis made the first move for Dollar Thrifty in 2010 and shortly after Hertz joined the battle. In 2011 Hertz withdrew its bid before finally coming back in 2012 to announce a definitive merger agreement to more »

  • Zipcar and Avis: A Match Made in Heaven

    By Luke Pinkney - January 8, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    On January 2, Parsippany, NJ-based Avis (NASDAQ: CAR) announced the purchase of Zipcar (UNKNOWN: ZIP.DL2), a pioneering car sharing service based in Cambridge Massachusetts. As a supporter of green technology and as an Atlanta-based member of the Zipcar movement, I am excited about this purchase. As an investor, I am elated.

    The procurement of this company ensures that Avis has a solid place in the future of the car rental more »

  • This Stock Is a Million Dollar Baby!

    By Sonam Chamaria - January 8, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    2013 sure looks promising! The year began with the whole country celebrating the end of the 'fiscal cliff' scare. The first trading day of the new year witnessed soaring markets and rejoicing investors.

    Zip it up!

    Investors in Zipcar (UNKNOWN: ZIP.DL2), the world's largest car sharing network are especially cheerful. The company's price rose by $3.94 in Nasdaq pre-market on January 2. This price increase was the more »

  • Avis' Zipcar Buy Illustrates These Three Companies' Strengths

    By Eric Novinson - January 7, 2013 | Tickers: MSFT, MNST, PNRA, ZIP.DL2

    Three strengths helped upstart car rental company Zipcar (UNKNOWN: ZIP.DL2) grow big enough to get bought out by Avis for $500 million. Downtown car lots offered convenience and time savings. Hourly rentals offered a way to gain a pricing edge while maintaining daily sales. A new business model offered an entry point into an established industry. These three Zipcar strengths also show how three other companies established competitive advantages.

    Convenience more »

  • Add Some Zip to Your Portfolio

    By Robert Hanley - January 7, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    The rental car business continues to be fertile ground for consolidation activity, despite already high levels of concentration.  On December 21, industry giant Avis Budget Group (NASDAQ: CAR) agreed to buy car-sharing startup Zipcar (UNKNOWN: ZIP.DL2) for $511 million or $12.25 per share in cash, a 42% gain from the prevailing price.  This acquisition comes just months after Hertz (NYSE: HTZ) completed its acquisition of the Dollar Thrifty chain more »

  • What's Next Zipsters? Tesla Has Growth, Technology, and Cars, Too!

    By Jason Hall - January 7, 2013 | Tickers: CAR, FB, TSLA, ZIP.DL2

    If you invested in Zipcar (UNKNOWN: ZIP.DL2) any time from the IPO until last spring, chances are the recent announcement by Avis Budget Group (NASDAQ: CAR) to acquire Zipcar for $12.25 per share in cash has left you with a bittersweet taste in your mouth.

    While that’s nearly a 50% premium over the closing share price the day before the announcement is nice, there are many of us more »

  • If You Can't Beat Them, Acquire Them!

    By Josef Ray Dagatan - January 7, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    As everyone is aware, car ownership doesn’t end with buying a car and driving it. Ownership means one has to pay for the high cost of maintenance and improvement, insurance, and fuel and all the other hassles that attend owning the vehicle. The idea of car sharing came up to address the concerns of urban car ownership, offering an alternative solution.

    Zipcar Zipped its Way in the Car Sharing more »

  • Zipcar: Avis Makes a Smart Acquisition

    By Andrés Cardenal - January 4, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    Shares of Zipcar (UNKNOWN: ZIP.DL2) were exploding higher by 48% on Wednesday after an acquisition offer by Avis Budget (NASDAQ: CAR) was announced. The rally in Zipcar is completely understandable considering that the price of $12.25 per share in cash means a premium of nearly 50% versus the previous closing price. But the real winner from this deal was actually Avis, which bought a high growth company at a more »

  • Despite "Fiscal Cliff," Fundamentals Still Win

    By Joshua Graham - January 2, 2013 | Tickers: DOLE, ZIP.DL2

    For the past four months we have heard of this looming "fiscal cliff" that we might fall off of like a Mission Impossible stunt gone wrong.  Fear gripped some, followed by optimism once Congress announced they had reached a deal.  But what does this fairytale cliff really mean?  Nothing.  Fundamentals are still the most important factor.  They tell the real story.  Investors and traders who keep fundamentals at the forefront more »

  • Why Buying a Rental Company Makes a Great Investment

    By Adam Levy - January 2, 2013 | Tickers: CAR, HTZ, ZIP.DL2

    What do you do when one of your biggest competitors outbids you to acquire a smaller company and leapfrog over you in terms of market share? Avis (NASDAQ: CAR) experienced this situation last year, when Hertz (NYSE: HTZ) bought out Dollar Thrifty to consolidate the car rental market to three main competitors. True to form, Avis just had to “try harder” and found an opportunity to compete with a $491 more »

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